LINK's price has consistently increased over the past 2 weeks. The price was at the $47.40 level, after a 33% gain in the past week. Despite dropping to the twelfth position in terms of market capital
Despite the ongoing increase in the price of BTC, SSR has fallen considerably. This indicates that stablecoins have significant buying power. SSR definition SSR is defined as the ratio between the supply of BTC and that of stablecoins. As a result, it can be used to measure the supply and/or demand of BTC and USD. … Continued
Data from Glassnode shows that bulls who accumulated during the second half of 2020 are still holding strong, despite a surge in short-term speculation this year.
This week Ethereum (ETH) rallied all the way above $3500 levels hitting its new all-time high and pushing its crypto market dominance to 17%. In its journey upwards, Ethereum has toppled many big financial giants like Mastercard (NYSE: MA), PayPal (NASDAQ: PYPL), and Bank of America (NYSE: BAC). However, despite a massive 4x run-up this year
Glassnode has revealed in its May 3, 2021 newsletter that on-chain data shows bitcoin (BTC) and ether (ETH) hodlers remain confident that the bull season is not over yet despite the latest dip in the price of the world’s flagship crypto. Demand for stablecoins like tether (USDT) and others has continued to increase as theyRead More
Projects that were rangebound earlier are now rallying. Sushiswap emerged as a food/meme coin that happens to be a DeFi token which got listed across top exchanges. Traders who lost the opportunity to
Recently, pseudo-anonymous on-chain crypto analyst “Dilution-proof” used data from crypto analytics startups CryptoQuant and Glassnode to show that despite Bitcoin’s recent price corrections, there is still strong demand for Bitcoin. He started by saying that what was even more bullish than the Bitcoin price bouncing back at the end of last month was that that […]
Blockchain analytics firm Glassnode says activity on the Ethereum network is surging as the second-largest crypto asset by market cap hits new all-time highs above $3,500. In its weekly report, Glassnode says investors are clearly moving large amounts of ETH from centralized exchanges to their own private wallets. The report says that exchanges now hold […]
After failing to cross the $59,000 market earlier this week on Monday, Bitcoin (BTC) has been trading sideways correcting almost 10% since then. At press time, the BTC price is trading 1.64% negative at $54,827 with a market cap of $1.024 trillion. However, the BTC downward pressure hasn’t deterred the whales from accumulating more Bitcoins.
Litecoin goes against the general market sentiment with a 24.5% and 57% rally in the higher timeframes. At the time of writing, LTC trades at $316 with 4.8% profits in the daily chart. Anonymous trader Julio_LTC has set support for LTC at $280 with a price target set at $330. The operator is bullish as […]
After a few days below the mid-range in the $50,000 zone, Bitcoin has retraced. At the time of writing, BTC trades at $54,137 with sideways movement in the 1-hour chart, approaching correction levels in the 24-hour chart. Certain indicators point to more depreciation, at least, in the short term. The crypto market appears to be […]